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JACKSON, NJ—Two real estate parcels totaling 355 acres in Ocean County, NJ's Jackson Township – fully approved for 902 age restricted homes -- are scheduled to be offered at auction on December 17th, 2014 by Madison Hawk, which specializes in Structured Accelerated Sales.
NEWARK, NJ—Cassidy Turley will exclusively market and lease 896 Frelinghuysen Avenue, an 82,360 square foot industrial facility, for its owner, CenterPoint Properties.
SHIPPENSBURG, PA—ARC Real Estate Group, a private, New York-based family office, acquired a 139,535-square-foot, single-tenant, triple net-leased retail property fully occupied by Lowe's Home Improvement at 250 S. Conestoga Dr. in Shippensburg, PA for $24.35 million.
PHOENIX—CBRE was recently honored at the Phoenix chapter of the Building Owners and Managers Association's Annual TOBY Awards. The award, which stands for The Outstanding Building of the Year, recognizes building operations and management.
ATLANTIC CITY, NJ—Trump Entertainment and Atlantic City reached an agreement on Tuesday that allows the city to recoup $22 million in unpaid taxes on the Taj Mahal and Trump Plaza properties. The deal also allows Trump Entertainment to pursue legal claims to lower the tax debt.
PHOENIX—Cassidy Turley announces the sale of Newport Mesa, a 156-unit apartment community in Mesa. Southern Avenue 156 Community, LLC purchased the property from Newport Mesa Apartments, LLC.